A press conference is scheduled for 5:00pm PDT / 8:00pm EDT by the Mayor of Los Angeles and U.S. IOC officials. It appears a deal has been reached for the U.S. to host the 2028 Olympics and the 2024 Olympics will be held in Paris.

(Via USA Today) Los Angeles will host the 2028 Olympics after the city reached a deal with the International Olympic Committee.

The deal will allow Paris to host the 2024 Games, which had been expected. In waiting four years to host the Games, the Los Angeles Organizing Committee will receive funds from the IOC “in view of the longer planning period” and to support youth sports programs in the city, according to a news release. (more)

Earlier in July President Trump said on Twitter he was “working hard” to bring the Games to Los Angeles, and he met in the Oval Office with Thomas Bach, the president of the I.O.C., to pledge his “full support” at the time.

You might also remember in 2009 former President Barack Obama tried to get the Olympics for Chicago (2016) and even personally traveled to Copenhagen – HE FAILED.
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Many people don’t call President Trump the Tea Party President for nothing.  For the first time in our lifetime President Trump’s fiscal policies, targeting growth in the economy, actually have the cumulative effect of lowering the national debt as measured by the U.S. Treasury.   –SEE DATA HERE–
When President Trump took office January 20th the total national debt was $19,947,304,555,212, or nearly $20 trillion.  While there are fluctuating cycles of increase and decrease the debt reached a high of $19,959,593,604,841 on February 28, 2017, stalled, and since March 14th 2017 continually dropped:

Total U.S. National Debt has now decreased by over $100 billion.  *Note: That’s five times more than is needed to build the Southern Security and Border Wall.
And yes, this decrease is real and represents a long term reversal. During same 6 months in 2016 the U.S. National Debt grew by $450 billion (from $18,941,406,899,252.15 -to- $19,391,704,027,667.12).   [DATA HERE] The Trump trend is not connected to a temporary lowering of debt during tax collection season.  The ACTUAL ‘federal’ debt clock is now running backwards.
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Health and Human Services Secretary Tom Price appears on ABC with Martha Raddatz to discuss the collapsing ObamaCare health system, congressional inaction, and the possible action available to the executive branch via HHS regulations.

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POTUS direct confrontation is not reserved for domestic political enemies, it also applies to external nations threatening the U.S.  However, notice with each example there is an almost identical pattern: ♦An honest attempt at an open handed diplomacy; ♦a rebuke from the opposition in favor of the status quo; ♦a sincere appeal to reconsider; ♦time for reflection, contemplation and planning; ♦a final request not to engage in combat (today); ♦and then the hammer.
The sequence is always the same.

“foolish past leaders” … “We will no longer allow”..

China, the Big Panda, chose the Red Dragon approach and is positioned to feel the big hurt if they don’t take action…

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Speaker of The House Paul Ryan was interviewed by Maria Bartiromo on the current framework for the proposed Tax Reform legislation currently under construction in congressional committees.
Many of Ryan’s responses range the gambit from willful blindness (ex. how to fill the budgetary hole created by expanding medicaid; can’t see how to achieve 3% GDP growth, etc.) to outright opaque misinformation, claims congress decided to eliminate B.A.T. (they didn’t, Trump, Mnuchin, Ross did), on revenue.
It is always important to remember that Ryan’s points of advocacy all stem from the Wall Street’s lobbying complex on K-Street.  The epicenter of those interests is the crony capitalistic U.S. Chamber of Commerce (Tom Donohue).   Watch:

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CTH remains cautiously optimistic that Trump, Mnuchin, Cohn and Ross can defeat Ryan Inc on the larger tax reform issues.  However, CTH is not naive to the scope of the UniParty confrontation that will stem as an outcome.  You can hear it within Ryan’s words.
America voted for Trump’s agenda, not Ryan’s Corporate “Better Way” bulls**t !!
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The U.S. Gross Domestic Product (GDP) is the value of all goods and services generated within the U.S. economy over a designated period of time. In the second quarter (April, May, June) the GDP grew at a rate of 2.6%. That’s more than double the first quarters 1.2% growth rate.

President Trump set a goal of 3% GDP growth for the first year of his administration. Reaching 2.6% in the second quarter is significant progress toward the attainment of a goal all economists said was unattainable. Those same nay-sayers are also focused on wage rate growth which they claim is not moving with the economy. They are disconnected.
Again, CTH draws attention to the new modern era in economics. Most analysts and punditry have no historic reference points for a new dimension in U.S. economics; where 30 years of fiscal policy to the benefit of Wall Street has how shifted to the benefit of Main Street. We are now in the space between these two economic engines. Traditional economic review no longer applies.
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Interestingly at the same time as a massive natural gas investment by Petronas collapses in Canada due to energy policy and economic conditions surrounding weak LNG prices, the U.S. Energy Information Administration highlights that U.S. coal exports are roaring back.  Yes, elections have real economic consequences.
U.S. EIA data shows a gain of 60.3% so far this year in exports of both steam coal (used to generate electricity) and coking coal (metallurgical coal used for steel manufacturing) as a direct consequence of President Trump’s common sense energy policy.

Interestingly, the largest destinations for the growth in American coal export are the U.K. (+175%) and a doubling of tonnage to both France (+100%), and Asia (+100%).  High transport costs to ship coal to the EU are being offset by U.S. coal manufacturing efficiencies and improvements in mining productivity.
Additionally, while the actual end user for coal shipments to the EU are difficult to track, it is reasonably anticipated that some European countries are preparing to offset their reliance on Russian energy with storage of steam coal for next winters high demand season.
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Finally today we see a significant loss for the “Big Club”. Speaker Paul Ryan, the GOPe professional business class, Wall Street and the U.S. CoC accept the Border Adjustment Tax is not going to be a part of any larger tax reform agenda under the Trump administration.

Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and President Trump win the policy argument with the removal of the B.A.T.
In a joint statement outlining the forward plans for tax reform the “Big Six” tax negotiators (Speaker Paul Ryan, Senate Majority Leader Mitch McConnell, Treasury Secretary Steve Mnuchin, National Economic Council Director Gary Cohn, Senate Finance Committee Chairman Orrin Hatch, House Ways and Means Committee Chairman Kevin Brady), announce the consumer punishing BAT will not be included.

[…] “While we have debated the pro-growth benefits of border adjustability, we appreciate that there are many unknowns associated with it and have decided to set this policy aside in order to advance tax reform.” (more)

The B.A.T was to revenue collection on imported products and impact on consumers – what the Obamacare mandate was to revenue collection on healthcare and impact on consumers.
The B.A.T  was simply a scheme to embed the cost of renegotiated trade import tariffs, directly onto the consumer, isolated away from any responsibility on the corporation to reduce their own internal efficiencies as a method to keep the price down. It was a dubious and manipulative effort.
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President Trump is participating in a major jobs and manufacturing announcement from the White House. It is widely expected that a major investment by Foxconn will be the centerpiece of the event.
President Trump, along with Gov. Scott Walker and other Wisconsin leaders will make the announcement that Taiwanese manufacturer Foxconn will announce it will build a new factory in Racine County. Foxconn is a partner with Apple, manufacturing technological products. That factory is expected to create 10,000 jobs. The electronics giant will build liquid-crystal display factory in Wisconsin.
UPDATE: Video Added

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Various business news media are reporting the 5:00pm White House announcement on jobs and manufacturing in the U.S. will center around a $10 billion investment in U.S. manufacturing by Foxconn, most noted as the production company for Apple iPhones.
In the larger picture the anticipated announcement is further evidence in the flow of capital into a U.S. manufacturing economy being resurrected by the America-First economic policy of President Trump.

Additionally, there is a political win for DC professional GOPe politicians like Paul Ryan as the manufacturing hub is anticipated to be located in Ryan’s district and hometown.

(Via Bloomberg) President Donald Trump will announce Wednesday that Foxconn Technology Group plans a new factory in Wisconsin, fulfilling the Taiwanese manufacturing giant’s promise to invest in the U.S.
The factory will open in the home district of House Speaker Paul Ryan, a Wisconsin Republican, who personally lobbied Trump and White House chief of staff Reince Priebus to help secure the plant. It’s expected to employ about 3,000 people at first and, after an initial $10 billion investment, the facility is scheduled to expand over a 2 1/2-year period, according to a person familiar with the plans who requested anonymity to discuss the announcement before it was made.

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